Many members of the investment fund hurry up to stipulate that investment is not gambling. Gambling causes in general public many negative associations. When professional gambling is mentioned, the majority of people imagine the uncontrollable players searching for unreasonable risk and wasting the savings for bad day. But gambling – it is not necessarily bad.
Really, professional traders are in essence professional players. A question is only in development of the correct thinking clear and concentrated thinking of the professional player.
Though trading – the form of gambling, vital accurately to discriminate maniacs, fans and professional players. Passionate players are keen on gambling. They play for money to feel passion and a sense of euphoria. They absolutely do not have discipline. Obviously, trading – not a place for the passionate player, or the passionate trader. But many confuse the maniac who is playing for money, to the professional player, though these two types of players – polar contrasts. Professional players, also as professional traders, should accept risks, but they carefully operate them. They search for high probabilities of the successful bargain and only then stake.
Fans, or social players, are interested only in pleasures and entertainments. They allocate from the budget a certain quantity of money for gambling for the sake of entertainment, and then, spend them, as for a movie, a concert or sports competitions. Overindulgence also is overindulgence so that the social player does not need to develop detailed strategy of a prize at a casino, or carefully to count risks sitting at blackjack tables, for example. To a certain extent social players receive thrills in hope to meet the Lady Good luck and to snatch a large sum.
Many beginning traders, however, make a mistake, applying thinking of the fan, the social player to trading. They consider trading, as entertainment. If you have spare cash, such relation to trade will not damage, but the majority of us wish to make profit. And the thinking of the fan can destroy your account fast. If you seriously concern trading, it is vital to change this thinking. You can find trading pleasant, but the main purpose of professional trade – to do profit. Not only that it is necessary to develop advantageous trading skills, but also well to operate risks, to produce discipline, to supervise emotions and to execute strategy with the best intellectual return.
Do not enter into the bargain only to test splash in emotions. Find conditions with high probability of success and stand apart, there will be no a condition when you can win. You should operate, like the professional player, when he counts risk. In the same way, as in professional game, trading – a question of patient expectation of probability. Professional traders face strips of losses, and it is vital to minimize risk to survive and wait for probability to own advantage.
It is useful to consider trading, as professional gambling. It is correct prospect. However, do not be the player-fan, and be as a casino, which will carefully count probability, will make sure that it is on its side and will take advantage for the warranty that on a great number of bargains you will make the big profit. Refusing amateur thinking and forming the professional approach, you will trade profitable and consistently.
Before you make up your mind to make a forex investment or start forex trading yourself, better find a nice forex book and learn more about foreign currency trading market – this will save you from tons of troubles and traps.